Dow Chemical Unveils First Pack Studios in North America
The Dow Chemical Company’s DOW Packaging and Specialty Plastics (P&SP) business unveiled its first Pack Studios focused on laminating adhesive in North America. This Pack Studios is the seventh one for Dow globally.
Pack Studios Ringwood is meant to enhance a range of plastics applications including laminating adhesives projects through a global network of laboratories, technical experts and testing equipment. The Pack Studios by Dow enables the customers to provide faster and more effective commercialization of new and improved products.
Dow entered into a joint collaboration with Nordmeccanica SpA, which is a worldwide leader in coating, laminating and metallizing machinery, aimed at driving laminating adhesives development. The alliance led to the opening of Dow’s Pack Studios in Mozzate, Italy in 2015. This was the first Pack Studios and it catered to meet the specific needs of Dow’s laminating adhesives customers. Pack Studios Ringwood will offer similar capabilities to its customers. The facility will serve as an innovation and technology training center for North America, equipped with a collaboration room and an industrial-scale Nordmeccanica Super Combi 3000 laminator line for faster commercialization of new adhesive solutions.
Pack Studios Ringwood will give leverage to its customers by providing Dow’s global network of expertise, broad product portfolio and application testing capabilities with Nordmeccanica’s equipment excellence to accelerate the development of game changing laminating adhesives solutions for the packaging industry.
Through the Pack Studios Ringwood facility, Dow plans to advance the laminating adhesives industry by reducing costs and cycle time on fabrication, prototyping and testing. The visitors will be able to work on-site with Dow’s dedicated technical teams and network of industry experts in laminating adhesive application, materials and design.
DOW CHEMICAL Price
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Dow currently carries a Zacks Rank #3 (Hold).
Stock to Consider
Some better-ranked stocks in the chemical space include Innophos Holdings Inc. IPHS, Innospec Inc. IOSP, and E. I. du Pont de Nemours and Company DD.
Innophos Holdings sports a Zacks Rank #1 (Strong Buy). The company has an expected earnings growth of 48.6% for the current year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Innospec also sports a Zacks Rank #1 and has posted positive earnings surprises in the trailing four quarters.
DuPont carries Zacks Rank #2 (Buy) and has posted positive earnings surprises in the last four quarters.
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